-What is the amount of legal reserves in Table 15.1?
A) $300
B) $600
C) $900
D) $1,100
E) $1,700

Name: -What is the amount of legal reserves in Table 15.1? A) $300 B) $600 C) $900 D) $1,100 E) $1,700
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Question

-What is the amount of legal reserves in Table 15.1?
A) $300 
B) $600 
C) $900 
D) $1,100 
E) $1,700

Quizplus · Accepted Answer

Legal reserves refer to the minimum amount of funds that a bank must hold as dictated by central bank regulations. Without access to Table 15.1, the specific amount cannot be determined. However, based on the question, if C is the correct answer, it implies that the legal reserves amount to $900.

-What Is the Amount of Legal Reserves in Table 15